$1,850,000
$2,000,000
7.5%For more information regarding the value of a property, please contact us for a free consultation.
220 NW 16th Ter Miami, FL 33136
5,453 SqFt
Key Details
Sold Price $1,850,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,453 sqft
Price per Sqft $339
Subdivision Ericksons Sub
MLS Listing ID A11540197
Style Fourplex
Year Built 1964
Annual Tax Amount $11,510
Tax Year 2022
Property Sub-Type Quadruplex
Property Description
We are pleased to present a Great Opportunity for Investors with this 10-unit Multi Family Apartment Building. This property consist s of 10 one-bedroom/ one-bathroom units totaling 5,453 rentable sq feet and a total of 10,500 sq ft lot. Property built in 1937, Owned by current owner for 25 years. Roof repaired in 2018. This is a perfect opportunity for investors who are looking to renovate and stand out with other property within this new “Wynwood Like” community. Property is being sold AS-IS and offered at 2,500,000. This property is a true treasure, just 5 mins from MIDTOWN and FASHION DISTRICT. After renovation and marketing units at market price there will be a great increase in yearly income.
Location
State FL
County Miami-dade County
Community Ericksons Sub
Area 31
Interior
Heating Electric
Cooling Electric
Flooring Concrete, Other
Exterior
Pool None
Utilities Available Cable Not Available
Roof Type Concrete
Building
Story 2
Sewer Other
Structure Type Block
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
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Bought with RENAISSANCE R.E. ASSOCIATES